eMagic Adds Wolters Kluwer Doc Integration

Mortgage Guaranty Insurance Corporation Investment Corporation(MTG) added new functionality to its eMagic loan origination software to create state and federal regulation-compliant disclosure statements produced by Wolters Kluwer Financial Services, the two companies announced.
Integrating the Wolters Kluwer compliance documents into eMagic helps originators create a paper trail that can verify document delivery in case of an audit, the companies said.
“By automating and integrating the initial disclosure process into their lending work flow, eMagic customers will spend less time on compliance delivery and more time focusing on their customers needs and generating revenue,” said Wolters Kluwer Financial Services vice president and general manager Jason Marx.
Marx is also authoring a special report in the October issue of HousingWire on the growing importance of technology in the mortgage finance sector.
“Our relationship with Wolters Kluwer streamlines the process for eMagic customers,” adds eMagic director Chad Northington.
“By adding the convenience of accessing loan program and state-specific mortgage disclosure documents from within eMagic, users are able to continue their workflow without disruption," he added.
Write toAustin Kilgore.

Commentary

With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.